: The form must be signed in the presence of at least one witness, who must also sign and provide their address.
: If the assignment is done on the back of the policy bond, stamp duty may not be required; however, if done on a separate deed, proper stamp duty is mandatory.
LIC Form 3855 is the official Notice of Assignment used to transfer policy rights to another party, requiring submission to the Life Insurance Corporation of India. The form can be accessed through the official LIC India website or authorized documentation sites for policy servicing purposes. Download the form directly from the LIC India website .
: The assignment is only legally valid once it is registered in LIC’s records. lic form 3855 download fixed
Official and third-party portal URLs frequently change, leading to "404 Not Found" errors.
LIC often recommends copying the assignment wording onto the back of the original policy bond to avoid extra stamp duty.
You transfer all rights, title, and interest in the policy to another person, often as a gift or for money. : The form must be signed in the
Comments on the physical health appearance of the applicant.
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Because this is an internal assessment document, the agent or official must fill it out with precise details matching the primary proposal form. Discrepancies between Form 3855 and the proposal form can result in processing delays or underwriter rejection. The form can be accessed through the official
When an individual signs an insurance contract, they are the owner and the life assured. However, financial shifts, estate planning needs, or loan requirements may necessitate transferring those policy rights. This process is called .
To register the assignment, the following must be submitted to your : Form 3855 : The formal Notice of Assignment. Form 3846 : Usually submitted in duplicate.